Euro - dollar parity is at 1.0850 level. The European Central Bank has an interest rate decision on Thursday. There is a significant impact on parity here. There is no change in my road map for this week. The band range I will follow for this week is 1.0750 - 1.09. I will follow these bandwidths. I will continue to read the numbers below the 1.08 level as buying opportunities.
Let's talk about gold prices. There are sharp rises, and on the ounce side, there is an upward trend that breaks records every day. These records, these increases are not a surprise to us. Ounce of gold rose to 2141 dollars in international markets yesterday. These increases, which started from the level of 2070 dollars, continued until the level of 2141 dollars. However, since there were very rapid increases, I also saw the increases as unhealthy. There are technically violated areas. Of course, my expectation that it will rise to 2350 dollars within the year continues. But such a rapid and aggressive one-day rise is technically a completely fake rise. It would be good for you to pay attention. The new band range I will follow is 2050 - 2150. Now the level of 2141 dollars was seen yesterday. There is a very strong possibility of sales coming from here again. I have dollars in my hand. Can I make gold-dollar parity and buy gold at this price? The answer is no, I'll wait. I will buy it gradually when it drops below the $2100 level.
But I would not buy gold at this price at this price per ounce and at this parity. I wait for profit sales. But now we will see the high level of $ 2350 again. But now, these increases need to occur gradually. There is non-farm employment data in the USA on Friday. FED Chairman Powell has statements. Therefore, they will make such an excuse. There may be a $100 sale again, but be careful.
The ounce price of silver also increased yesterday. It rose to the level of 24 dollars. My target is $26, so I expect rapid increases. I can buy silver. Because silver is quite cheap compared to gold. If I had dollars, I would buy silver. Compared to gold, silver is currently more advantageous and continues to offer purchasing opportunities based on the ratio. I'm making the final with $32. Therefore, I continue to wait for these levels.
The barrel price of Brent oil is at 82 dollars, with a 1.5% sell-off. It continues to fluctuate between $80 - $85. The band range I follow is $77 - $83. I will continue to monitor these bandwidths. It could probably drop below the $80 level in the short term. But it will develop above the $80 level again. I personally do not think that the figures below the 80 dollar level will be permanent.
What happened on the Bitcoin side? It rose to $69322 yesterday. I warned you before. Okay, it's rising. These surprise rises are fake rises. I think you should be careful. I had warnings that you may crash here and the sales may come so hard that it will not present you with a sales opportunity. Bitcoin, which was above the $69000 level yesterday, is currently at $66384, and these losses in value are currently continuing. I continue to watch the $57000 support level. Those in the cryptocurrency market, be careful not to get yourselves robbed again.
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